LINK Withdrawal Strategy

Frens, how do you plan on safely withdrawing your millions from Chainlink gains? Is Coinbase reliable enough to use for this? Is OTC a better idea? Anyone have experience with this in the past?

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Coinbase is reliable - but you will be paying the IRS.

OTC/DEX is always an option

BUMP

fpbp, just pay your taxes, that's literally the pedophiles that are in power care about

Is it dumb to leave link on coinbase? should I get a hardware wallet

I have 1500 so my plan is to sell 500 at $1000, When it reaches 1000 staking will be incredibly profitable so the rest of the 1000 LINK I will stake.

Devs are already dumping this exit scam

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yes it's dumb, get a trezor because they're open source

The government will get absolutely NONE of my link gainz, they can fuck right off

I'm sure Coinbase is reliable to withdraw a few thousand , but when it's getting into the millions it makes me a bit more nervous

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since im from south america
Link -> ETH or BTC -> money

how much you plan to get monthly by staking 1k?

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get a ledger or trezor.. cheap and easy to use

Exactly what part of "never fucking selling" was unclear to you, faggot?

Is it better to go to Link > BTC > OTC and just get a large sum wire transferred to you? Cashing out hundreds of thousands through coinbase seems ridiculous.

>paying the irs

>tfw living on a tax haven

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this

1k eoy sweet, this is more than indexfund. We are fucking rich

whats the deal with the 2-4-7-10%?

1k eoy was a meme created by the discord. Totes gonna happen.

it's a stupid chart i found from ct, i think staking is a meme and returns will be sub 1%, but it's nice to daydream

indeed, you should sell.

Imagine being dumb enough to think this chart means a God damn thing.

bummer, hahaha

>cashing out
summernewredditfaggotry.tif

How much are they paying for stacking?

> i think staking is a meme and returns will be sub 1%
No one will stake if the return is that low. You could just cash out and get 3% from a regular bank's high yield saving account.

Withdraw? Erm... Sorry, I already flipped at $4 into PNK and am awaiting a 20x compound of my gains.

How do you sell OTC

How would it benefit Chainlink for the returns to be high? What do the big players get out of it?

I will cash out responsibly, pay my taxes courteously and just be glad I managed to get gains boomers could only dream of. I don't know if I will 'make it' off LINK but I think it has enough potential to give me enough money to kickstart my life.

>> not incorporating in Wyoming
>> not keeping all of your gains legally
>> assuming you will make it

Somebody Just Ask Sergey how he's cashing out his fat Gains. He Outta be an expert by now

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Do you plan to use coinbase to withdrawal?

you can't cash out though

this is how i feel too

to the burgers desperate avoiding taxes i hope you enjoy jail fucking losers

>Withdraw
Is there any safe way to even withdraw your fund without the government taxing it and taking most of it? I was thinking of putting most of my money into DAI and then just moving it around or withdrawing some when I need to. I also heard DAI has staking now.

This

i know i will

Why is cashing out large amounts through coinbase ridiculous?

Do you trust coinbase customer service when they block your withdrawal request?

Go back to one of your countless quarantine threads

yes unironically

>selling

YOU MUST REPLY TO THIS POST IF YOU ARE NEVER FUCKING SELLING

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You can’t deny this truth. The devs are literally dumping their bags on you.

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How is that different from relying on an OTC service’s support team when something fucks up?

>sell $LINK on Binance
>send to CB PRO
> limit sell ETH/BTC for USD
> withdraw via FEDWIRE to bank account ($10k 24hrwithdrawal limit, sucks huge cubes)

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Returns will be shit, less than 2%, because of speculation.

link ends up going more or less sideways until next june then does another 10-20x month, then goes sideways for another year before doing it again

we desperately need something to occupy our time

Never fucking selling. The Jews and IRS can suck my peepee they will never get a single cent from my linkies.

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why is it stupid?

I’ve never understood this meme. The rest of us will actually be enjoying our gains while you fags keep wagecucking because you refuse to sell

They have small stacks, let them be "comfy"
topkek

can someone explain the whole crypto and taxes thing to me? I'm not getting it.
how do cryptos get taxed, first off?
secondly, when and how do i pay taxes on them?
third, how do i actually get USD out of my crypto? none of you are giving concise and understandable answers...

yeah idk how to file them or anything. let’s say i’m cashing out 100k via coinbase where and how exactly would i pay taxes

Because coinbase customer support is terrible. Professional OTC firms will wire the entire amount directly to your bank account.

He was lying you fucking buffoon

What about putting money on paypal?

$25k per day limit. That’d take awhile

okay so after a little searching, simply search for "btc otc markets"
you'll find a list of people (eventually) who will actually be able to do all of the work for you so you won't have to depend on some pajeet over the phone getting your shit wrong.

Hm which OTC companies have the best service you think?

Can the limit be increased by veryfing my personal data or some shit like on Coinbase and Binance?

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Can you leave them on Myetherwallet?
You always talk about trezor why Myetherwallet not?

ITS A SCAM IDIOT!

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Myetherwallet offline, what a scam, nigger?

That’s the max after verifying personal info on coinbase . OTC appears to be the way to go, but would like to hear from personal experience

Myetherwallet offline is it secure?

I’m confused about whether coinbase does OTC for individuals. Coinbase prime website (for institutions) directs to coinbase pro if you are an individual

Can you tell me if MEW off line is it secure or not please? Help LINK brother. I see all here with trezor

Coinbase can close your account whenever they want and lock you out of your funds. Take a look at the coinbase subreddit

Every wallet is as secure as your private key

But it would be fun though...

Exactly. And then you have the per day limit. Fuck that. Use OTC.

Post your wallet address for MEW and the length of the code you put in to open it here for us to verify the security

If LINK actually reaches 1000 I'll take out 4 a month and stop working

>500 at $1000

come on bud. that's not happening

>OTC/DEX
newb here, what is an otc?

>'ll take out 4 a month
>ETH tanked from $1,000 to $100
>living on $400/month

imagine going back to wagecucking after you thought you "made it" lmao

We should just create a “localchainlink.com” page for people to meet and pay cash for link

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Stfu Clement, Kleros is trash with no enterprise connections

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delusional as fuck

knock knock user

enjoy your $833 a month HAHAHAHAHA

t. future poorfag

>falling for discord tranny memes
ngmi

based and flippilled

the only somewhat reasonable linktard itt

not how it works faggot

kek yeah maybe a week best case scenario you delusional fuck

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Is MEW a decent wallet for LINK? Can't buy a Trezor right now, but I want to take my LINK off of Coinbase for the time being.

SEVEN HUNDRED AND THIRTY DAYS.

Yea it’s fine

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But if staking isn't worth it the supply won't go down and demand will be met.

>Post your wallet address for MEW and the length of the code you put in to open it
The lenght of the code to open it?
Whatta fuck is this?

What's stopping someone from moving to another country and paying less/no tax?

>Open a company at Cayman
>cash out LINK gains trought the Cyman bank's account

or
Put LINK gains INTO blockfi a basket of crypto with a 10% year of returns

or

Stake LINK until the end of the times and live of staking gains

ALso don't forget to buy StakeNet, it could be useful with regulation hassles

IRS can and will track you down.

If you becoem a citizen of that country they can't make you pay taxes

They get an incentive to operate nodes...

US and most western nations tax you on your worldwide income. Gain citizenship in a tax haven and then renounce your US citizenship, pay your exit tax. Then you can extract your crypto. If you want to maintain your status of living standards, like in the usa, Switzerland might be an option-not sure of there tax rates

I will stake my 95k LINK. Will need to speak to an accountant about how to pay as little tax as possible though. I imagine it will be something to do with setting up a business in my name and then drawing down on my business account when I need to.

Did some calculations and if I’m at £1m total, making 4% a month staking, I’ll take home £2500 a month after tax, which is crap.

Anyone who willingly forfeits their citizenship for a few extra shekels is as bad the money grubbing Jews. These are essentially traitors to their homelands and deserve the absolute worst come kingdom come.

Fiat is a horrid investment, why would I ever “cash out”? I will sell some income from staking and enough for a downpayment, but I’d never hold that much cash.